Macau has a new minimum casino revenue threshold

Macau has a new minimum casino revenue threshold

Summary:

Minimum revenue casino operators in the region must reach a threshold in 2023, according to the government in Macau. The threshold is similar to the levels of the previous year. The minimum revenue threshold for a gaming table was mentioned in the new requirements. The threshold for a single gaming machine is set at MOP$300,000.

Minimum revenue casino operators in the region must reach a threshold in 2023 according to the government in Macau. The threshold is similar to the levels of the previous year. The amount chosen is considered easy to reach and selected as a means of offering relief in the context of the restrictions imposed during the Pandemic and the changes in regulations.

The casinos should be able to generate at least seven million dollars per table

The minimum revenue threshold for a gaming table was mentioned in the new requirements. The threshold for a single gaming machine is set at MOP$300,000.

Additionally, it has been determined that casino operators in the territory will be able to run up to 12,000 machines and 6,000 tables simultaneously. This is the first time that the government has set a limit on the number of tables and the minimum income for operators. Control over operators in the territory is the main goal.

The casino companies are subject to a 40% tax, which is one of the highest tax rates on the planet. Operators would have been forced to make up the shortfall to the officials if the minimum level of the threshold had been set too high, as a result of fresh gambling legislation passed in June.

The gross gaming revenue in Macau dropped by a third

Macau’s gross gaming revenue dropped by 32% in the year 2022, reaching MOP$54 billion. The levels recorded prior to the beginning of the Pandemic were 80% lower than they are today.

There are currently six licensed operators in Macau, including Wynn Macau. By the end of 2022, all of the licenses will have expired. Operators were interested in getting new permits to operate in the territory. The last day for them to submit their bids is September 14. The new licenses will come into effect at the beginning of the next decade. At the end of July, Macau formed a special committee that would assess all license bidders.